Cadence Q2 FY26 GAAP EPS more than doubled to $1.33; revenue rises 24.2% to $1.58 billion
CDNS•Quarterly results
Cadence Design Systems posted Q2 2026 revenue of $1.58 billion, up 24.23% year over year.
GAAP diluted EPS more than doubled to $1.33, while GAAP operating margin widened to 28.4% from 19.0% a year earlier.
Non-GAAP diluted EPS rose to $2.11, while non-GAAP operating margin expanded to 45.5% from 42.8%.
Backlog and outlook
Backlog ended the quarter at $8.1 billion, with $4.2 billion in remaining performance obligations expected to be recognized over the next 12 months.
Cadence raised its 2026 outlook to revenue of $6.26 billion-$6.34 billion, non-GAAP EPS of $8.05-$8.15, and non-GAAP operating margin of 43.75%-44.75%.
